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    • The Foundation will strengthen bilateral initiatives for local manufacture of pharmaceuticals, such as the recent partnership between BioNTech and Senegal’s Pasteur Institute to produce vaccines against Covid-19. Picture: Akinwumi Adesina visiting Senegal’s Institut Pasteur, January 2022.
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Board approves landmark institution: Establishment of African Pharmaceutical Technology Foundation to transform Africa’s pharmaceutical industry

“Africa can no longer outsource its healthcare security to the benevolence of others” – Akinwumi Adesina

The African Development Bank’s (www.AfDB.org) Board of Directors has approved the establishment of the African Pharmaceutical Technology Foundation, a new groundbreaking institution that will significantly enhance Africa’s access to the technologies that underpin the manufacture of medicines, vaccines, and other pharmaceutical products. African Development Bank Group President, Dr. Akinwumi Adesina…

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    • Female technician repairing a mobile phone in Tanzania; Africa is seen as having strong incentive to play a lead role in driving a circular economy model
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Source: African Development Bank Group (AfDB) |

Rwanda to host 2022 World Circular Economy Forum in December, a first for Africa

Rwanda is a founding member of the African Circular Economy Alliance and serves as co-chair

The World Circular Economy Forum (https://bit.ly/3ydYwtk) will, for the first time, take place on African soil in 2022, bringing together participants from around the world to absorb lessons from the continent and the wider global south toward building a more resilient and greener global economy. The Forum will be held…

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    • Lighting up Africa: A linesman connects power to the Gitwa Cell, Nyarukara Village, under a greenfield project in Rwanda, co-financed by the African Development Bank
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Source: African Development Bank Group (AfDB) |

Rwanda: African Development Bank approves loans of $180 million to reinforce transmission and last mile connectivity

The project will entail the construction of over 1,000 km of medium voltage and 3,300 km of low voltage lines to boost last mile access

The Board of Directors of the African Development Bank (www.AfDB.org) has approved two loans amounting to $180 million to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions in Rwanda. This follows the 26 May 2021 approval for $84.2 million from…

Source: African Development Bank Group (AfDB) |

Africa, Latin America and the Caribbean join forces to drive circularity

Dialogue was held among entrepreneurs, academics, and champions on the need to scale up the transition towards circular economies

The African Circular Economy Alliance (ACEA) (www.ACEAafrica.org), and the Circular Economy Coalition of Latin America and the Caribbean (CEC LAC) (https://bit.ly/3hHaxPw) have organized the first regional dialogue to strengthen cooperation around their common objectives. The event, titled “Regional deep-dive: Africa, Latin America & the Caribbean joining forces for circularity,” took…

Source: African Development Bank Group (AfDB) |

Rwanda: African Development Bank extends $84 million in financing to boost electricity access

The funds comprise a loan of $36.77 million from the Bank Group’s African Development Fund and a $47.45 million ADF grant

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved  $84.22 million in loans and grants to electrify nearly 80,000 rural households in south Rwanda. The project will advance the country’s goal of universal electrification and benefit small businesses and youth. The funds comprise a loan of…

Source: African Development Bank Group (AfDB) |

African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), African Guarantee Fund, partner to unlock $1.3 - $2 billion in loans to women entrepreneurs

Financial institutions in Cameroon, Democratic Republic of Congo, Kenya, Rwanda, Tanzania and Uganda are signing on to the program

The African Development Bank’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) program has agreed a partnership with the African Guarantee Fund (AGF) to unlock $1.3 to 2 billion in loans to women-owned Small and Medium Sized Enterprises (SMEs) in Africa, by working with financial institutions to enhance their…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

25 young African agripreneurs advance to ‘boot camp’ in the African Development Bank’s $120,000 AgriPitch Competition

The final round offers young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their agribusiness proposals online to a panel of experts and investors who will select the winners

Twenty-five young African agripreneurs have advanced to the “boot camp” final round of the African Development Bank’s (www.AfDB.org) AgriPitch competition, stepping closer to a share of $120,000 in seed funding prizes, training and other benefits. The final round offers young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their…

Source: African Development Bank Group (AfDB) |

COVID-19 stresses the need to transform Africa’s water, sanitation and hygiene services sector (By Osward M. Chanda)

The SWA Africa Region Finance Ministers’ Meeting held 4 November, highlighted a need for the continent’s Ministers of Finance to place more focus on and increase investments for water, sanitation and hygiene (WASH)

By Osward M. Chanda Alarming headlines that announced the arrival of the coronavirus pandemic in Africa in March 2020 have given way to stories of chin-stroking scientists wondering about the reasons for the relatively mild impact – compared to other continents – which COVID-19 has had on Africa. More than…

Source: African Development Bank Group (AfDB) |

African Development Bank signs grant agreement to support the Rwanda Coding Academy

The Academy selects high performing students and trains them in advanced software programing and cyber security skills to facilitate their emergence as world-class programmers

The African Development Bank (www.AfDB.org) has signed a grant agreement with the Ministry of ICT and Innovation in Rwanda to support the Rwanda Coding Academy, set up to develop top technology talent to drive a booming, innovation-driven digital economy in the East African nation. The Rwanda Coding Academy was set…

Source: African Development Bank Group (AfDB) |

African Development Bank’s second virtual business opportunities seminar of 2020, draws 250 global partners and suppliers

During the seminars, participants are informed about the Bank’s strategy for supporting economic growth, its priority areas and rules and procedures for project and corporate procurement

The African Development Bank (www.AfDB.org) hosted its second virtual business opportunities seminar in 2020 (BOS) on 13 and 14 October. The BOS offers a one-stop shop for individuals and consulting firms, civil contractors, manufacturers, suppliers, and diplomatic commercial attachés from the Bank Group’s regional and non-regional members seeking to provide…